Recent reports out of Canada and Australia paint a similar picture for consumers in both countries. Consumers are loading up on consumer debt and it is becoming a concern for regulators. Right now levels are about the same, consumer debt is approximately 150 percent of income. Both Canada and Australia have experienced less unemployment that …
The Financial Consumer Agency of Canada today warned Canadians about debt reduction schemes to avoid and provided some helpful advice. Debt reduction companies: Beware of “too good to be true” offers The Financial Consumer Agency of Canada (FCAC) is warning Canadians to be very cautious about companies that claim they can negotiate a deal to …
I am working in uae and accumulated debt upto $150k and not in a position to service the payments in near future. since the situation is to come , i am planning to mover to canada as i am permanent resident and living there though i belong to india. now please advice me , where …
I am almost 25 years old and with my childish behavior behind me I have a financial mess to clean up. My goals are to start a family while being debt free. I am Canadian (Not sure if that matters) I read your e-book and through the endless links between the lines I decided to …
Another Florida based telemarketing scam has arose under the name Universal Marketing Solutions and Creative Vacation Solutions targeting owners of timeshares throughout the United States. Last week, Joel Intravaia, of Florida was sentenced to 60 months in prison followed by three years supervised release along as a result of his guilty plea to a one …
“Dear Steve, I enjoyed reading your article and I found it very useful. I owe outstanding (private and government) student loan (in Canada). I am still a student and looking for work at the same town. I am wondering what if I can not get a proper job in Canada (to pay off my loan) …
In November, Steven Folan, of Florida, pleaded guilty to a thirteen count indictment charging him with one count of conspiracy to commit mail fraud and wire fraud and twelve counts of mail fraud. The indictment alleged that Folan and others were involved in a telemarketing scam, operating in Florida, that bilked over 22,000 victims of …
Certified public accountant (CPA) and alleged outside auditor for Provident Capital Indemnity (PCI), Jorge Luis Castillo, plead guilty last week for his role in a $670 million fraud scheme effecting victims across the country and abroad. Castillo plead guilty to conspiring to commit mail and wire fraud, which carries a maximum penalty of 20 years …
Yesterday, President Obama and representatives from other Asia-Pacific Economic Cooperation (APEC) economies met to discuss consumer cross-border data privacy protection at a meeting in Honolulu, Hawaii. The meeting focused on the APEC Cross-Border Privacy Rules, a new initiative to harmonize safe data sharing across country borders and enhance the protection of consumer data that moves …
A loyal tipster (send in your tips here) sent in an email asking my why a Canadian debt settlement company that charges consumers a “Service Fee” of an amount equal to fifteen percent (15%) of the balance upon enrollment, is claiming that their client deposits are FDIC insurred. Excellent Question! What they say on their …